India’s flexible workspace market is entering a period of accelerated growth, with total stock across the top seven cities projected to exceed 100 million sq ft by 2027. The latest report from Colliers, Flex India: Pioneering the Future of Work, shows flex stock rising sharply from 72.3 million sq ft in 2025, as operators expand to meet growing demand from enterprises, technology firms and Global Capability Centres (GCCs).
Flex penetration — the share of flex within Grade A office stock — is expected to reach 10.5% by 2027, up from 8.5% in 2025. This shift comes amid rising occupier interest in scalable, customised and tech-enabled workspace solutions. Annual enterprise seat uptake is also set to increase by 25% over the next two years to nearly 200,000 seats, compared with about 160,000 seats absorbed in 2024–25. Technology and BFSI companies are likely to account for 60–65% of this demand, while GCCs alone are expected to drive almost half of enterprise seat take-up through 2027.
Southern cities lead expansion
Bengaluru remains the country’s largest flex market, contributing 31% of India’s total stock with more than 22 million sq ft. Delhi NCR follows with 12.5 million sq ft. Pune, however, stands out for its high flex penetration at 11.5%, supported by sustained interest from tech, BFSI and start-up occupiers. Chennai has emerged as one of the fastest-growing flex markets, recording more than five-fold growth in stock since 2021.
Sustainability and customised solutions shape next phase
Operators are increasingly providing fully managed, tech-integrated workspaces and customised layouts, tailored to enterprise and GCC needs. Many have adopted a “GCC-as-a-Service” model, offering end-to-end support including location selection and compliance. Sustainability is also gaining prominence: nearly 70% of flex space absorption in the last three years has been in green-certified developments.
Colliers says the flex market’s next growth cycle will be shaped by evolving occupier expectations, global firms’ India strategy, and growing institutional investor confidence.
